Mergers & AcquisitionsMedium•10 November 2026•
1 min read
Samsung Fire & Marine Increases Canopius Stake to 80.6% with KKR
Key Facts
1Samsung Fire & Marine Insurance agreed to acquire an additional 60% stake in Canopius Group.
2The deal is conducted alongside KKR and Korea Investment Corporation, raising Samsung's total stake to 80.6%.
Samsung Fire & Marine Insurance agreed to acquire an additional 60% stake in international specialty insurer Canopius Group. Seeking Alpha reported that the transaction is being conducted alongside KKR and the Korea Investment Corporation, raising Samsung's total ownership in the group to 80.6%.
The acquisition aims to consolidate Samsung Fire & Marine's position in the international specialty insurance market through a KKR-backed deal structure. KKR shares closed at $98.09 on November 9, 2026, with the stock trading between a low of $95.51 and a high of $99.28 during that session.